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Thomas Hobbes | Of the Natural Condition of Mankind as Concerning Their Felicity and Misery; Of the First and Second Natural Laws and of Contracts
Hobbes first discusses the state of war in which men live before a common power can bring them together in civil society. By virtue of the natural and fundamental laws of nature, peace and cooperation can be attained only when man is willing to renounce a right to benefit someone else. A contract is the mutual transferring of right. Only then can lawful and just civilization develop.
-The first and fundamental law of nature, according to Hobbes, is to
Legal Regulations
Legal regulations are the rules and laws that are established by governing bodies to control or govern conduct, usually mandatory in nature and applied across various sectors and activities.
Effective Compensation
A compensation strategy that is competitive, fair, and aligns with the company's goals, effectively motivating and rewarding employees.
Job Evaluation
A systematic process used by organizations to assess the relative value of jobs within the company to determine fair compensation.
External Equity
Perceived fairness in pay relative to what other employers are paying for the same type of work.
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